Arizona HB2842 requires escrow agents to notify the real estate department of property sales and mandates an early alert system for property.

Arizona HB2842 amends real estate laws by requiring escrow agents to notify the real estate department when they receive an order for escrow services or five days before recording a title. The notice must include the names of all owners, the assessor parcel number, the mailing address of the property, the name of the escrow company, and contact information for the escrow company. The bill also mandates the creation of an early alert system to notify individuals of pending sales or transfers of ownership of real property.

Arizona HB2842 requires escrow agents to notify the real estate department of property sales and mandates an early alert system for property.

Arizona HB2842 amends real estate laws by requiring escrow agents to notify the real estate department when they receive an order for escrow services or five days before recording a title. The notice must include the names of all owners, the assessor parcel number, the mailing address of the property, the name of the escrow company, and contact information for the escrow company. The bill also mandates the creation of an early alert system to notify individuals of pending sales or transfers of ownership of real property.